Global Fire Resistant Cable Materials Market – Industry Trends and Forecast to 2029

Global Fire Resistant Cable Materials Market, By Insulation Material (Polyvinyl Chloride (PVC), Ethylene Propylene Rubber (EPR), Cross-Linked Polyethylene (XLPE), Low Smoke Zero Halogen (LSZH), Other) Application (Building and Construction, Electrical and Electronics, Automotive and Transportation, Manufacturing, Energy, Others) – Industry Trends and Forecast to 2029.

Fire Resistant Cable Materials Market Analysis and Size

Fire resistant cable materials are a type of materials with many applications that help ensure safety of buildings, electronics, automotive and others from fire-related risks. Furthermore, Stringent green building codes in developing economies are positively influencing the use of fire resistant and sustainable building materials, which is projected to have a huge positive impact on the demand for the fire resistant cable materials. Also, growing installation of electric wires in modern commercial buildings, residential homes, and office spaces is expected to increase market growth.

 Data Bridge Market Research analyses that the fire resistant cable materials market was valued at USD 560.43 million in 2021 and is expected to reach USD 821.72 million by 2029, registering a CAGR of 4.90% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Fire Resistant Cable Materials Market Scope and Segmentation

Market Definition

Fire-resistant cables are also known as fire-proof cables, fire survival cables or fire performance cables. These cables provide high resistance to combustion and high temperature. Fire-resistant cables are flexible, emitting low smoke, low toxicity, and low generation of acid gases. These cables are manufactured to aid in maintaining circuit integrity in case of fires. Fire-resistant cables' properties help safeguard and protect human life in case of fires.

Global Fire Resistant Cable Materials Market

Drivers

• Rapidly increasing building and construction industry

Rising construction industry all over the world, especially for office and commercial constructions, has increased the demand for sustainable building materials. The growing renovation of existing buildings and improving warehousing facilities are expected to the driving factors for growth of the fire resistant cable materials market. Furthermore, increased spending on non- residential constructions, infrastructure, and urban housing projects have led to the increased demand for fire-resistant cable materials.

• Growing demand of electric wires

Electric wires is widely used in automotive and transportation vehicles because the vehicle required superior insulation. The increasing popularity of electric vehicles is anticipated to increase the demand for cables that can supply electricity without deviation. This is further likely to support the demand for the jacketed cable and drive the growth of the fire resistant cable materials market.

Moreover, increasing awareness regarding fire safety, growing urbanization and industrialization and execution of fire safety regulations by governments are other major factors expected to boost the market growth during the forecast period of 2022-2029. 

Opportunities

• Innovation and advancement of raw material

The advancement in wire jacketing applications has introduced advanced and innovative cables that can sustain heat and fire environments for a longer duration. Furthermore, the major market players are also focusing on innovations in raw materials through compounding them for increased durability and resistance. Also, compatibility with high voltage wires is another major factor which is growing the penetration of cable materials for fire resistant wires. These are some major factors that increase the demand for the fire resistant cable materials and are anticipated to generate lucrative opportunities for the growth of the market

Restraints/ Challenges

• Fluctuating price of raw materials

The volatile prices of raw materials such as polyvinyl chloride, ethylene propylene rubber, low smoke zero halogen, cross-linked polyethylene and others will hamper the growth of the fire resistant cable materials market during the forecast period.

Also, the availability of cheap and inferior quality products will also act as market restraint and obstruct the makret growth rate.

This fire resistant cable materials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fire resistant cable materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Fire Resistant Cable Materials Market

The coronavirus epidemic has harmfully affected the fire protection material industry growth due to a pause in production and delay in major construction projects worldwide. The government has imposed nationwide lockdowns which have restricted the transport activities and further downturned the industry's size. Furthermore, the declining demand from many end-user industries and the high cost of volatile raw material may hamper the market growth in upcoming future. Rising residential projects and rapid vaccination policies will largely contribute to the worldwide fire protection material market share.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Fire Resistant Cable Materials Market Scope

The fire resistant cable materials market is segmented on the basis of insulation material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Insulation Material

• Polyvinyl Chloride (PVC)
• Ethylene Propylene Rubber (EPR)
• Cross-Linked Polyethylene (XLPE)
• Low Smoke Zero Halogen (LSZH)
• Other

Application

• Building and Construction
• Electrical and Electronics
• Automotive and Transportation
• Manufacturing
• Energy
• Others

Fire Resistant Cable Materials Market Regional Analysis/Insights

The fire resistant cable materials market is analysed and market size insights and trends are provided by country, insulation material and application as referenced above.

The countries covered in the fire resistant cable materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the fire resistant cable materials market in terms revenue and market share. This is due to rapidly increasing demand for fire-resistant cable and construction and building activities in this region.

Europe is anticipated to be the fastest developing region during the forecast period of 202-2029 due to rise in the manufacture of electric vehicles. Furthermore, the construction and building industry in, Italy, France and Germany is expected to increase the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fire Resistant Cable Materials Market Share Analysis

The fire resistant cable materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fire resistant cable materials market.

Some of the major players operating in the fire resistant cable materials market are:

• Prysmian Group (Italy)
• Nexans (France)
• General Cable (U.S.)
• TPC Wire & Cable (U.S.)
• NKT A/S (Denmark)
• Leoni (Germany)
• Sewedy Electric (Egypt)
• Universal Cable (M) Bhd (Malaysia)
• RSCC Wire and Cable (U.S.)
• Dubac (U.A.E)
• Jiangnan Group Limited (China)
• TFKable (Poland)
• Tianjin SULI GROUP (HK) LTD (China)
• Keystone Cable (S) Pte Ltd (Singapore)